EU Enlargement and its Macroeconomic Effects in Eastern Europe (Innbundet)

Currencies, Prices, Investment and Competitiveness

Serie: Studies in Economic Transition 

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Innbinding: Innbundet
Utgivelsesår: 1999
Antall sider: 227
Forlag: Palgrave Macmillan
Språk: Engelsk
Serie: Studies in Economic Transition
ISBN/EAN: 9780333735497
Omtale EU Enlargement and its Macroeconomic Effects in Eastern Europe
What will joining the EU mean for the new Eastern member states and their economies? This book offers a detailed study of the macroeconomic and structural adjustment burden. It envisages a real currency appreciation stemming from price convergence, capital inflows and weak structural change. The widespread belief that an Eastern enlargement of the Union would be overwhelmingly to the detriment of the present EU (budgetary costs, locational decisions, trade deficits) is rejected. The authors discuss the lack of competitiveness of Eastern countries and their need for structural adjustments (in the financial sector, in agriculture, and in manufacturing) in order for them to survive and thrive in their new economic environment.

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